Missouri Governor signs stadium funding bill for Chiefs, Royals into law
Missouri Governor Mike Kehoe has has put ink to paper for the final hurdle to state funding for potential stadium relocation or renovations for the Kansas City Chiefs and Royals.
SB 3 contains the "Show-Me Sports Investment Act," a measure debated by lawmakers in a special session, aimed at keeping the Chiefs and Royals in Missouri.
“We are proud of how the General Assembly came together during this special session to deliver real results for Missourians,” said Governor Kehoe. “We called legislators back to Jefferson City because the stakes were too high to wait—families and communities needed disaster relief, taxpayers deserved certainty, and critical job-saving investments were on the line.
"Without action, thousands of Missourians would have been left without much-needed support, and the state would risk losing jobs and economic development opportunities that are key drivers for growth—not just for Kansas City, but for our entire state.
"These investments demonstrate that Missouri is committed to taking care of our own, staying competitive, and backing initiatives that secure long-term economic stability for our communities.”
SB 3 allows professional sports teams to access state funds for stadium development through a bonding mechanism, provided the project costs at least $500 million and involves a Major League Baseball or NFL team.
The state could cover up to 50% of a qualifying stadium’s cost.
Supporters say the plan helps Missouri compete with Kansas, where a STAR bond program offering up to 70% funding for new stadiums is set to expire at the end of June.
The decision to stay in Missouri or move to Kansas, or elsewhere, ultimately rests with the teams.
Both franchises have said they are considering all options.
With the proposal now passed at the state level, attention turns to what individual counties in Missouri may do.
Click here for more information on all three measures signed into law.